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Old 13.04.2011, 15:38
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Agency to rent out a flat

Hi all,

Does anyone here use a rental agency to rent out property they own?

I know the score in the UK - you can find an agency that deals directly with the letters, and gives you next to no hassle, guarantees your income, etc etc, and take a 10-15% cut of the rent for this task.

I presume there must be something similar here? What charges / %age should I expect to pay here?

Thanks,
StirB
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Old 13.04.2011, 21:53
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Re: Agency to rent out a flat

Agency management fees vary from 3% to 15%. Advertising fees are not included and there is often a fee of one month's rent once a tenant has been found.

You need to define the role of the agency. Is it to advertise and find you a suitable tenant, or manage the property as well? If you will be living away, you need to give clear direction in case of an emergency, i.e. repairs. I manage properties for absent owners and I will only do so if I have the authority to have emergency repairs carried out without having to track down an owner. A tenant should always have an emergency contact number.

If the property is not a freestanding house, and there are shared utilities, an agency may be responsible for preparing the accounts for this.

If you have never rented out a property here, there is much to learn. Even if you hire an agency, this does not mean you cannot decide on the tenant. Afterall, it is your flat.
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Old 13.04.2011, 22:15
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Re: Agency to rent out a flat

Thanks for the advice Mrs Doolittle.

To be honest, I could probably do the finding the tenant bit myself - i would probably be away only for a max 18 months or so. What I would be looking for most importantly would be a guaranteed income and someone to coordinate any emergecy repairs (which should all still go through the original builders electricians etc as the flat is only 1 year old in August). I would still have my swiss bank account so mortgage / utilities would be paid by direct debit, and i'd include them in the bills to the tenant.

Do you know any agencies which offer a similar service to this, or do you even do this yourself?
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Old 14.04.2011, 00:03
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Re: Agency to rent out a flat

Quote:
Thanks for the advice Mrs Doolittle.

To be honest, I could probably do the finding the tenant bit myself - i would probably be away only for a max 18 months or so. What I would be looking for most importantly would be a guaranteed income and someone to coordinate any emergecy repairs (which should all still go through the original builders electricians etc as the flat is only 1 year old in August). I would still have my swiss bank account so mortgage / utilities would be paid by direct debit, and i'd include them in the bills to the tenant.

Do you know any agencies which offer a similar service to this, or do you even do this yourself?
You are welcome. Sorry, I do not handle any properties in Zürich, just Kt. Aargau. I neglected to mention that if you are planning on leaving the flat furnished, you might want to consider some of the relocation companies who handle furnished properties.
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Old 14.04.2011, 00:44
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Re: Agency to rent out a flat

We rent our house in CH and it is with a real estate agent, (regie). Yes, they charge you to find the tenant. Well, they charge you for the ads they put in as extra on top of their management fee.

The first tenant I found myself so there was no charge for that. But if you rent to expats you take the risk they will leave early, which is what happened with our first tenants. So we had to pay for the ads to get the second tenant.

Any problems the tenant has or issues with the house the real estate agent takes care of. They also pay all the bills for the house and deal with commune issues.

I can't remember what % we pay them though. I had 3 or 4 agencies come in to give us a price for rent & quote their fees, etc.

Ah, also, our contract says that if we want to sell the house during the time we rent we have to go with them. I'm sure we could have argued to get that out. But we couldn't be bothered. We don't plan to sell the house and even if we did, I wouldn't mind they do it. Just something to think about when choosing your "regie".
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